Invest in Yourself at 2024 CDFA Summer School!
CDFA Summer School is a 2-week long virtual series of courses designed to help you accelerate your development finance education, with a curation of seven different training courses to choose from. Don't miss the opportunity to learn from our expert practitioners and experience CDFA's most interactive educational event of the year! Register today!
Denver, CO Mayor Introduces New Affordable Housing Initiative
Denver Mayor Mike Johnston announced a proposal to increase the city's sales tax by 0.5%, where the proceeds from this tax hike would go toward the administration's housing development goals and other housing initiatives. That's equivalent to a five-cent tax on every $10 purchase.
Vermont's Springfield Regional Development Corporation Announces Loan Awards
Springfield Regional Development Corporation (SRDC) has announced the approval of $155,000 in financing for two area companies through the Springfield Area CARES Act Revolving Loan Fund and Springfield Area Revolving Loan Fund. Both loan funds utilize grants from the Economic Development Administration (EDA) to assist businesses in southern Windsor County.
North West REC Announces Iowa Business Disaster Loan Program
The Board of Directors of North West REC (NWREC) has approved a Business Disaster Loan program to provide working-capital assistance to small commercial and industrial businesses in Sioux, O'Brien, Plymouth, and Ida counties who have had their operations affected by the recent flooding event. The loans will assist with working capital needs for up to five years at 0% interest with a one year principal deferral.
Indiana Awards Communities $51M in Housing Infrastructure Boost
About a dozen Hoosier communities will split $51 million in state funding for public infrastructure set to support construction of 2,400 homes. It's the Residential Housing Infrastructure Assistance Program's first round of awards. Lawmakers authorized the revolving loan fund last year. The program stems from 2023's House Enrolled Act 1005, led by homebuilder Rep. Doug Miller, R-Elkhart.
$175M Marked for South Dakota RLF to Fund Water, Sewer Projects
Dozens of communities across South Dakota are getting a share of nearly $175 million from the state and federal government to advance some big-ticket public infrastructure projects. All four corners of the state and towns, water districts, and cities everywhere in between have been awarded grants and loans through the South Dakota Department of Agriculture and Natural Resources (DANR) to help with sewer, water, and conservation projects.
Iowa's ECIA Awarded Additional $3M in Brownfields Funding
The U.S. Environmental Protection Agency (EPA) presented $3 million to the East Central Intergovernmental Association (ECIA) for its high-performing brownfield revolving loan funding program. The funding is to be available to the Region 7 counties of Cedar, Clinton, Delaware, Dubuque, and Jackson.
Gov. Lee, TDEC Announce $1.3M for City of Rocky Top, TN Water Improvements
Tennessee Gov. Bill Lee and the Tennessee Department of Environment and Conservation (TDEC) Commissioner David Salyers announced a $1.3 million loan for the City of Rocky Top to improve water infrastructure. The loan is one of two approved by the Tennessee Local Development Authority, with loans for the City of Rocky Top and the City of Cookeville totaling $6.8 million.
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